AlphaMark Advisors LLC Buys 6,425 Shares of CareTrust REIT, Inc. (NASDAQ:CTRE)

AlphaMark Advisors LLC lifted its stake in CareTrust REIT, Inc. (NASDAQ:CTRE) by 177.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,050 shares of the real estate investment trust’s stock after acquiring an additional 6,425 shares during the quarter. AlphaMark Advisors LLC’s holdings in CareTrust REIT were worth $245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of CareTrust REIT by 11.7% during the 4th quarter. Vanguard Group Inc. now owns 17,890,906 shares of the real estate investment trust’s stock worth $400,398,000 after purchasing an additional 1,871,125 shares during the last quarter. Wellington Management Group LLP increased its holdings in CareTrust REIT by 8.1% during the third quarter. Wellington Management Group LLP now owns 7,211,404 shares of the real estate investment trust’s stock worth $147,834,000 after buying an additional 542,832 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in CareTrust REIT by 13.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,712,498 shares of the real estate investment trust’s stock worth $38,326,000 after acquiring an additional 209,500 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in CareTrust REIT by 16.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,630,595 shares of the real estate investment trust’s stock valued at $36,494,000 after acquiring an additional 227,775 shares during the last quarter. Finally, GRS Advisors LLC bought a new position in shares of CareTrust REIT in the 4th quarter valued at about $31,656,000. Institutional investors own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wedbush assumed coverage on shares of CareTrust REIT in a report on Wednesday, May 29th. They issued a “neutral” rating and a $26.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price target on CareTrust REIT from $23.00 to $27.00 and gave the company a “hold” rating in a research note on Monday. Wells Fargo & Company lifted their price objective on shares of CareTrust REIT from $24.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 30th. Finally, KeyCorp increased their price objective on shares of CareTrust REIT from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

CareTrust REIT Stock Performance

Shares of CTRE stock traded up $0.05 on Monday, hitting $25.15. The company’s stock had a trading volume of 1,039,964 shares, compared to its average volume of 1,398,391. CareTrust REIT, Inc. has a fifty-two week low of $19.25 and a fifty-two week high of $26.43. The company has a debt-to-equity ratio of 0.36, a quick ratio of 12.80 and a current ratio of 12.80. The stock’s 50 day moving average is $25.07 and its 200-day moving average is $23.62. The company has a market capitalization of $3.57 billion, a PE ratio of 48.37 and a beta of 1.09.

CareTrust REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.16 annualized dividend and a dividend yield of 4.61%. CareTrust REIT’s dividend payout ratio is presently 223.08%.

CareTrust REIT Company Profile

CareTrust REIT, Inc is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States.